durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly … identified using data generated by this specific design. In contrast, based on revealed preference data, the utility and discount …

operators and another that exploits the theory of monotone concave operators - we obtain conditions that are both necessary and …

We develop a demographically-based approach for estimating the utility discount rate (UDR) portion of the Ramsey rule …

-separable utility functions …

such demand systems are integrable, i.e. can be derived from the maximization of a well-behaved utility function. This …

Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than … substitution among commodities in utility functions. We then use the evidence of price discrimination in product markets against …

Exchange rates depreciate by the difference between the domestic and foreign marginal utility growths. Exchange rates … vary a lot , as much as 10% per year. However, equity premia imply that marginal utility growths vary much more, by at … least 50% per year. This means that marginal utility growths must be highly correlated across countries -- international …

utility function curvature. We present a new methodology for identifying time preferences, both discounting and utility … obtained, dynamically consistent discounting, and limited though significant utility function curvature …

The Stone-Geary utility function defined over an index of goods, the leisure of the husband, and the leisure of the … wife is used to derive the earnings functions of the husband and the wife. The parameters of the utility function are … problems. The effect of family composition on utility is estimated by specifying and estimating adult equivalents in …